Markets

Morning Heating Oil Market Report

October heating oil grinded higher during the overnight and early morning hours, reaching its highest level since August 4th in the process. Some traders indicated that the spread market showed a minor level of weakness in the nearby contracts relative to the backs, suggesting that there were not any significant supply disruptions in the market. The Commitments of Traders Futures and Options report showed non-commercial traders were net long 13,191 contracts, a decrease of 2,776. Non-commercial and nonreportable traders combined held a net long position of 20,706 contracts for a decrease of 3,418.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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